Cost of Living in Iberia Parish, Louisiana
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Iberia Parish Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Iberia Parish ranks #649 of 3,144 counties for affordability (top 21%)
Data Story
About Cost of Living in Iberia Parish, Louisiana
Solid affordability with regional strength
Iberia Parish renters spend 18.5% of income on rent, just above the national affordability threshold of 18%, supported by median household income of $57,811 that, while below the U.S. average of $74,755, exceeds most rural Louisiana parishes. This positions Iberia as one of the region's more balanced housing markets.
Better than state average affordability
Iberia's 18.5% rent-to-income ratio beats Louisiana's state average of 19.5% by a full point, while median rent of $891 sits just 2% above the state average. The parish delivers solid affordability for a regional commercial center.
Mid-range rents, above-average income
Iberia's median rent of $891 trails East Baton Rouge ($1,121) significantly but exceeds most rural parishes, aligned with its stronger median income of $57,811. Adjacent Iberville Parish rents at $817 with similar income, giving Iberia a 9% rent premium.
Balanced housing burden
Renters paying $891 monthly dedicate 18.5% of $57,811 income to housing, while owners paying $688 (14.3%) fare modestly better. Both housing types remain well within affordability guidelines, supported by above-average regional incomes.
Iberia blends affordability with amenities
Iberia Parish offers better-than-average Louisiana affordability (18.5% rent-to-income) plus a more developed economy than purely rural parishes, home median value of $156,000, making it attractive for those seeking regional job access without major metropolitan costs. Consider this parish if you want rural character with urban-adjacent economic opportunity.
Cost of Living Advisory: Iberia Parish
Affordability Verdict
Housing in Iberia Parish is affordable. The median rent is $891/month against a median household income of $57,811, putting rent at 18.5% of income.
Rent vs. Own
Renters in Iberia Parish pay $891/month on average, compared to $688/month for homeowners. This market favors buyers by about 23%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,640/year. For owner costs at the 28% rule, the required income is roughly $29,486/year. With a median household income of $57,811, most households can comfortably afford rent here. Notably, 30.0% of renter households in Iberia Parish are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Rapides Parish where rent averages $942/month, Iberia Parish is approximately 5% less expensive.
Affordability Calculator
See how your income compares to housing costs in Iberia Parish
Rent Burden
18.5%
of gross income
Max Housing (28% Rule)
$1,349
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Iberia Parish
Median home value is $156,000. Estimated monthly cost: $1,245 vs. your max of $1,349.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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